Wind Power in Cape Verde
2011 – 2012
Client: Cabeólica S.A.
Cabeólica S.A. is a special purpose company established in Cape Verde in order to develop, own and operate four Wind Farms with a total capacity of 25.5 MW, in the islands of Santiago, São Vicente, Sal and Boa Vista.
The company is based on a Public-Private-Partnership between the Government of Cape Verde and international private sector investors, and with EIB and AfDB as lenders. The Company’s shareholders are Africa Finance Corporation, Finnish Fund for Industrial Cooperation Ltd, InfraCo Limited, Electra SARL and the Government of Cape Verde. The total investment of the project was at the level of €55 million.
Cabeólica S.A. signed a turnkey fixed-price Engineering, Procurement and Construction (EPC) Contract with Vestas Portugal in October 2010 for the delivery of the Wind Farms. Vestas supplied 30 V52-850 kW wind turbines for Cabeólica; the first wind farm was commissioned in September 2011 and the fourth one in May 2012.
Greenfield Consulting contribution to the project
Greenfield’s contribution to the Project was the overall start-up management of the wind power company Cabeólica S.A. This included launching the technical, financial and administrative operation of the company within an assignment of about 2 years. During this time, Mr. Herkko Lehdonvirta acted as the resident CEO of Cabeólica SA in Praia with the duties and responsibilities to organize and supervise all the business functions of the start-up company. This included i.a. establishing the company organization and recruiting the personnel, assigning the outside services (Owner’s Engineer, Lenders’ Engineer, O&M, legal etc), supervising the construction, commissioning and O&M, capacity building and training, supervising the financial management, ensuring environmental and other permits compliance.
By the end of assignment all four wind farms were in full commercial operation, fulfilling the Government’s Renewable Energy strategy producing 25% of total electricity in Cape Verde. The company is continuing a successful business under the management of the excellent local team.